If you were Don Thompson, how would you explain the differences between bankruptcy reorganization and bankruptcy liquidation

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If you were Don Thompson, how would you explain the differences between bankruptcy reorganization and bankruptcy liquidation to Alex Peterson?

Liquidation
Liquidation in finance and economics is the process of bringing a business to an end and distributing its assets to claimants. It is an event that usually occurs when a company is insolvent, meaning it cannot pay its obligations when they are due....
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